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Finance Ministry seeks cabinet nod for stuck infra projects

Bank credit grew 16.6% in August compared with the growth in the same month last year, according to Reserve Bank of India data. After his review meeting with bankers last month, Finance Minister P Chidambaram had said that his ministry’s first target was to cover 30-40 projects, which just needed a little push or one last clearance before they could take off. “We will give these – what we call low-hanging fruits among the 250 private sector projects – a push, so that they can get off the ground,” he had said. So far, the government has been able to push through around 28 such projects with investment worth 1 lakh crore.

Finance Minister outpaces rivals

The 40 to 100 favourite horse Aboor finished third. The winner was guided by jockey A. Imran and trained by Sohail Aziz. The best performer of the day was bay mare, Lucky, who was really lucky to sprint home victorious in the second race.

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